Bill Status of HB 3264   104th General Assembly


Short Description:  INC TX-ABLE ACCOUNTS

House Sponsors
Rep. Marcus C. Evans, Jr.

Last Action  View All Actions

DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/246 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for contributions to an ABLE account. Provides that the credit shall be in an amount equal to 25% of that matching contribution, but not to exceed $500 per contributing employee per taxable year. Effective immediately.

Actions 
DateChamber Action
  2/6/2025HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  2/18/2025HouseFirst Reading
  2/18/2025HouseReferred to Rules Committee
  3/11/2025HouseAssigned to Revenue & Finance Committee
  3/13/2025HouseTo Income Tax Subcommittee
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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